stimulus

Last week, Willem Buiter sized up the U.S. and the U.K. and found their desire to enact deficit-financed fiscal stimulus not credible. The attached video does a better job of summing up the mood Buiter invokes and the need for prophylactic…

Bill Gross, the man who controls the largest bond fund in the world, believes that trillions of dollars in government spending will be necessary to get the economy going again. He warns that if the government does not spend trillions of…

Marc Faber thinks it would better to nationalize the banks rather than bail them out. In his view, we are seeing special interests feeding at the trough.

I have been out the entire morning and haven't been able to read any news reports on the GDP numbers. However, I have just now had a chance to look at the data and wanted to share my thoughts with you, unfiltered by the media reports. I…

You may have already seen the Warren Buffett interview on Dateline from last Sunday. In it, he gives a sober analysis of what to expect from the new Obama Administration in terms of economic policy. The long and short of it is that we…

Recently, I posted a video of Peter Schiff making the argument for small government and resisting stimulus. As I see much to like in Peter Schiff's views, I sympathisize with the broad themes of his message. However, I do not feel he is…

Update 07 Mar 2009: I am re-posting this in light of increasing evidence that Obama's stimulus bill was in fact too small. Paul Krugman has a good post today called "One-sided debate," which reminds us he made that argument but was…

There has been a general outcry for economic stimulus on the part of the North American, U.K. and Eurozone federal governments to counteract the fall in private sector consumption. In the U.S. and the U.K. in particular, this message is…

It may sound counter-intuitive to loosen credit standards when we are on the cusp of major job losses and bankruptcies. But, this is exactly what the newly minted bank GMAC is going to do with its free money from the TARP (Troubled Asset…

Below is an article that has been syndicated on a number of sites in the Indian press (hat tip Ravin) which challenges the common wisdom that Asia, and particularly China, will weather the downturn better than the U.S. While the articles…